incredible! ! SHIB could break above this resistance to reach $0.00003298
Currently, the price of Shiba Inu Coin (SHIB) is $0.00001781, a significant increase from $0.00001294 two weeks ago. Despite retreating from its previous high of $0.00004605, recent analysis suggests its price is poised to rise again.
**SHIB future price trend analysis**
Several key factors influence SHIB price, including volume distribution, resistance levels and historical position patterns. According to the analysis, SHIB has significant volume around current price levels, which means market participants are actively trading at these levels, potentially stabilizing the price.
Currently, SHIB price is trying to break through the downward resistance and consolidate. A successful breakout could lead to further upside, with a price target of $0.00003298.
Position holding time and address activity
On-chain data shows that the average holding time of SHIB tokens is three months, and the recent increase in trading volume and holding time indicates that investors have increased confidence in SHIB’s future. In addition, the increase in the number of active and new addresses also shows increased market interest and participation in SHIB, which may drive the price upward.
**Long-term outlook**
Lao Wang believes that Shiba Inu is expected to reach $0.000045 again in the near future. SHIB has performed well in the crypto market recently, rising 3.5% in the past 24 hours and 5.5% in seven days.
SHIB is ushering in a new round of rise, now is a good time to invest! Join now and enjoy future benefits!
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